According to a World Bank report, by 2037 the demand for cooling equipment such as air conditioners, refrigerators and cold chains is likely to be eight times higher than the current demand. The demand for a new air conditioner will increase every 15 seconds, leading to a huge rise in greenhouse gas emissions over the next two decades. Capital will be given to around 3,000 early stage founders. Virgin StartUp is distributing the cash on behalf of the Business British Bank’s Start Up Loan scheme, which it has been partnering with for a decade to allocate £70m to 5000 UK businesses. Tech investment in the UK fell by over 50% during the first half of the year, as a result of a funding downturn.
A £250,000 investment has been made into a travel booking software startup. Several prominent UK startups have been backed by Virgin StartUp. The new pot will allow it to triple the number of UK founders it supports over the next two years, according to the incubator.
HR professionals are in high demand for their expertise in managing terminated employees. According to a report, the HR professionals are turning to artificial intelligence for help since some conversations can be difficult. Carl Pei, the company’s founder, has shown off a new cable design for the upcoming Phone (2), which may be launching soon. Pei just posted a picture of the transparent cable without a caption and wrote “caption this” in the form of a Gif. Beijing imposed tighter restrictions on the domestic tech sector, while weak consumer spending saw it record its third consecutive quarter of single digit revenue growth earlier this year.
40 per cent of FWA service providers currently offer FWA over 5G. The average data traffic per phone is expected to increase from 26 to 62 gigabytes per month in the years to come. A majority of the 5G Indian market is seeing huge network deployment under its Digital India initiative according to the June 2023 edition of the “Ericsson Mobility Report”. The creation of an international organisation for overseeing artificial Tech News intelligence is supported by the UN Secretary General. The International Atomic Energy Agency is similar to this proposed organisation. According to statements made by Jack Dorsey, the co founder and ex CEO of Twitter, the Indian government put pressure on the platform to restrict accounts during the farmer protests.
According to a report, Apple is trying to get intellectual property rights for apples in Switzerland. Fruit Union Switzerland will lose its logo if the US tech giant succeeds in its attempt. The emergence of generative artificial intelligence technology has become the fastest growing application in history, since it gained immense public attention six months ago. The pressing need to address concerns related to this new form of Artificial Intelligence was highlighted by Guterres. He plans to set up a high level advisory body on artificial intelligence by the end of the year. The main objective of this body is to regularly assess existing governance frameworks and give recommendations to ensure their alignment with human rights, the rule of law and the collective welfare.
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A percentage of total mobile subscriptions is expected to rise from 76% in 2021 to a staggering 93% in 2028. The number of 4G subscriptions is predicted to decline by 500 million by 2028. Video messages could soon be sent to contacts on the messaging service. The feature would allow users to share short videos up to 60 seconds in length. Meta, the parent company of the messaging service, has begun testing the ability to send a message. European Union legislators have come to a consensus on proposed revisions to regulations governing artificial intelligence.
The subsidiary of tech giant Alphabet Inc., is looking to establish partnerships with Indian suppliers for the local manufacturing of its Pixel phones. With this, Google would join the likes of global tech giants to locally manufacture products in India. According to a report by the news agency, the tech giant is in talks with local manufacturers to assemble their products. The global adoption of 5G technology has exceeded one billion subscriptions, bringing positive revenue growth for communications service providers in leading 5G markets.
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The discussions in India underscore the plans to shift its production base beyond China and Vietnam, according to a report. IVP, a Silicon Valley based investment firm that has backed major startups, led the latest investment round for Volt. Laundryheap now employs 130 people and has received 10 million in investment to date, with 2.5 million of that coming in a Series A round in March 2021. The tech giant was fined a record amount for unfair business practices.
Analysts have gained confidence in the company’s ability to expand its fashion business as well as potential partnerships with global brands looking to grow in India. After it improved its profitability ahead of schedule, the shares of One 97 Communications have surged. Zomato and Policybazaar have added $1 billion each to their market valuations.
The number of 4G subscriptions is expected to decline by 500 million by the end of the century. Chinese mobile phone manufacturers have been urged by the Centre to incorporate Indian partners into their local operations. The inclusion of Indian executives in crucial roles like CEO, COO, CFO and CTO is included in the government’s request.
A global selloff in the tech sector last year was caused by concerns of higher rates and recession, as well as a big push for the nation’s tech unicorns in 2021, from government efforts and high profile investors including Jack Ma and Masayoshi Son. A meal prepping app with a pear logo, a German cycling route, a pair of stationery makers, and a school district are some of the things that Apple has pursued. The Beatles’ music label, Apple Corps, was finally resolved in 2007, after a decades long battle with the company. The report predicts a compound annual growth rate (CAGR) of 5% for smartphone subscriptions in India over the course of the next two decades. The affordability and accessibility of phones to a broader section of the population is reflected in the growth.